Spline Mesh Does Not Collapse Or Deform Properly

Spline meshes don't seem to collapse evenly if they have geometry in between the start and end points. The test project demonstrates this by having a spline mesh move its end point closer to the start point so you can see how it collapses.

I attached an image comparing the bad and good versions so you know what the incorrect collapsed mesh looks like.

1. Open attached project
2. Select the BP actor named "SplineMeshBug" in the scene
3. In the details panel left click and lower the "Debug End" value by left clicking and scrubbing the slider and watch as the spline mesh collapses
4. Change the mesh to "modularMesh_Cut" and repeat step 3

RESULT
When modularMesh_Cut is collapsing it doesn't do so evenly along the mesh. It appears the verts in the center collapse much sooner providing a wrinkled result.

EXPECTED
The mesh collapses evenly as one end gets closer to the other.